These tables reflect announcements made on 24 March, 22 June and 2 & 9 December 2010. For more detail on these rates, see Annual uprating of certain tax and tax credits rates and thresholds (112kb PDF)
SMP for 2011-12
Has the new SMP rate for 2011-12 been released? Can't seem to find it. A point in the right direction would be appreciated.
Anyone know why the primary and secondary NIC thresholds have diverged? I thought the tax system was supposed to be being simplified?!
Good question Coates Franklin.
Employers pay NI on salaries over £7,075, employees pay NI on salaries over £7,225, employees pay tax on salaries over £7,475. Yep, all seems pretty simple to me.
Statutory Maternity Pay/Allowance.
From 11 April 2011, statutory maternity pay (earnings related pay) will be 90% of employee's normal weekly earnings, payable for 6 weeks;
from the same date, statutory maternity pay (prescribed rate) will be £128.73 or 90% of normal weekly earnings if lower, payable for 33 weeks;
statutory maternity allowance is payable at the same rate but for 39 weeks: see Social Security Benefits Up-rating Order 2010, S.I. No.793 (statement made to Parlament on 08 December 2010 by the Minister for Pensions, Steve Webb, MP.
It looks like the tax tables are wrong. They show the personal allowance for 2011/12 as being £7475. Should it not be £8105?
£8105 from April 2012...
your query about pers allce amount proves how sucessful the chancellors 'lies' are in pulling wool......
As the CT rates announcement proves - u can't trust them for REAL rate until it IS the REAL rate. - Rest is all aspirational fantasyland.
not that I will pay it........
40% both years?
The link says...........
Tax tables - a handy summary of the rates for 2012-13
but these are tax tables for 2010-11 and 2011-12